Trulioo recognized as a 2020 CNBC Disruptor 50 Company

Trulioo is thrilled to be named to the 2020 CNBC Disruptor 50 List, CNBC’s eighth annual list of the country’s most innovative companies. As the Cambridge Dictionary defines a disruptor as “a company that changes the traditional way an industry operates, especially in a new and effective way,” the recognition is greatly appreciated.

Trulioo is ranked #27 in the 2020 CNBC Disruptor 50 List. This is the second time that Trulioo has been included in the list of innovative private companies changing the world.

“It’s truly an honor to be named one of 50 in CNBC’s Disruptor List,” said Steve Munford, President and CEO of Trulioo. “We’ve worked tirelessly to serve 5 billion people and 330 million businesses globally. This ranking validates the hard work of our entire team. It underscores the growing importance of identity verification in response to global challenges requiring companies to meet the highest standards in compliance and security.”

Building trust online

The Trulioo mission of trust, privacy and inclusion is to make sure no one is left behind and everyone participates fully in the modern digital economy. Digital identities offer consumers secure and private ways to interact and transact, and offer businesses ways to build trust with customers, suppliers, third parties and all their connections. By leveraging hundreds of unique and reliable data sources across the world, including emerging markets that lack identity data, the Trulioo identity verification platform, GlobalGateway, enables businesses to meet compliance requirements, mitigate fraud risks, and increase trust and safety online.

“Today’s digital economy is increasingly complex. Between the growing mobile adoption in emerging markets, varying regional compliance requirements and the heightened fraud landscape, it’s important for businesses to take the necessary steps to enhance and optimize identity verification and fraud prevention processes,” said Munford.

The list features the country’s most ambitious and innovative companies changing the economy and revolutionizing the overall business landscape. Companies were ranked based on CNBC’s proprietary blend of quantitative and qualitative inputs. This year, the list also accounted for the business impact of COVID-19 on disruptive startups.